How To Make Money Buying These 6 Things

July 19, 2018

Sometimes it’s possible to earn money in another way than just going to work. Today, there are tons of possibilities to benefit from the power of the Internet and put other people’s things to a good use. Making money on the side and improving your finances is one of the ways of investing in your own success. So, let’s see how you can become more successful by buying certain things that are within your reach.

1. Cryptocurrency – the new gold

It’s better to be fully informed if you’re planning on investing in bitcoin or any other cryptocurrency, so you know which one works best for you. For example, you need to know just how bitcoin compares to the previous asset bubbles before you take the plunge into the unknown. If you’ve decided to invest in cryptocurrency, consider earning more through micro-earnings. It’s an easy method, although it doesn’t actually enable you to earn much and it’s time-consuming. Still, it is just about completing a simple task, such as visiting certain websites, watching certain ads or completing surveys in exchange for a couple of bitcoins. There are tasks that have the potential to earn you a bit more of cryptocurrency, like testing a plugin to check its compatibility with a browser or retweeting a certain post.

2. Laptops – good value for little effort

It’s always possible to find a cheap broken laptop on the web, fix it and then resell it for a higher price. People frequently choose to get rid of a laptop just because it has caught a virus. If you are somewhat an expert for this, you can easily deal with the problem and earn some money in the process. It’s the same with broken screens – they are relatively easy to replace, and a new screen automatically raises the price.

3. Bikes – somebody’s loss – your gain

Many times, the high-end road and mountain bikes are being sold for an unbelievably low price. Usually, the reason behind is that the owner simply doesn’t have the time anymore to ride it or they just got bored with the sport. There are also situations where an easy breakdown, such as worn out brake pads or bent spindles, can be easily be fixed, but the owner just doesn’t want to bother with that – this is your chance to earn some extra money. Of course, if you don’t know how to fix the problem, a visit to a bike shop won’t cost much.

4. Furniture – for the creative ones

Solid wood furniture is always attractive to people, so it’s also an opportunity for you to flip them if can find them for the right price. With a little bit of work, they can be made to look brand new. Things such as chairs, dressers, and dining tables are the ones to be looking out for – the heavier they are, the more solid wood it is and the more appealing to the buyers it will be. Depending on the target buyers, you will have to decide whether to stain or paint the furniture – staining works well with older generations, but it takes more effort, while younger buyers generally enjoy the new paint more.

5. Storage auction – a box full of surprises

Buying old storages at an auction has become hype now – you wouldn’t believe how much valuable stuff can be found there. It is a risk, that’s for sure, but there are a couple of things to have in mind if you opt for this type of earning money on the side. First, bidding for the storage can sometimes go backward, and then back up again, which means you shouldn’t hesitate to offer less than the opening bid. Next, if you really want a specific storage, be ready to pay a considerable amount of money for it – a lot of people have the same idea as you. Also, there are storages avoided by many because they are smelly – you can buy them for just one dollar sometimes, but your risk could be paid off. Next, smaller storage units are more appealing to buyers because they are easy to clean after they have been bought. Lastly, don’t bid just to have fun – maybe you won’t be outbid and end up with a completely useless storage.

6. Stocks – a risky game

Buying stocks is not a guarantee that your investment will double or triple, but in general, stocks increase in their value over time, so you can do a bit of research on the right stocks to buy, for example, check out the most attractively priced stocks at the moment. You can earn from the dividend of around 1-3% per year, and it could go up over the years.

All in all

It’s important to know how to plan your personal finances – cost of living is constantly going up, and if you want to make progress in the future, you should definitely find ways to earn some extra money. Luckily, there are plenty of ways; you just need to find which one suits you.